{"id":136108,"date":"2023-04-28T14:00:16","date_gmt":"2023-04-28T07:00:16","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-was-really-shocked-would-be-uk-homebuyers-describe-their-mortgage-battles\/"},"modified":"2023-04-28T14:13:08","modified_gmt":"2023-04-28T07:13:08","slug":"i-was-really-shocked-would-be-uk-homebuyers-describe-their-mortgage-battles","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-was-really-shocked-would-be-uk-homebuyers-describe-their-mortgage-battles\/","title":{"rendered":"\u2018I was really shocked\u2019: would-be UK homebuyers describe their mortgage battles"},"content":{"rendered":"


\nEven high earners being hit by harsh bank affordability tests in wake of crisis caused by mini-budgetViolet*, an advertising manager from Oxfordshire in her mid-40s, had confidently enquired about mortgage options to buy a new property last August.\u201cWe had found a property we liked and had a meeting with Barclays, who our current mortgage is with. After discussing options to port our mortgage [keeping an existing mortgage deal but buying a new property], and additional borrowing to buy the new house, the bank basically tick-boxed it all and even would have lent us considerably more than we needed,\u201d she said. Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018I was really shocked\u2019: would-be UK homebuyers describe their mortgage battles<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Even high earners being hit by harsh bank affordability tests in wake of crisis caused...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-136108","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-zpi","jetpack-related-posts":[{"id":138410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hope-for-homebuyers-as-rates-fall-on-uk-fixed-mortgage-deals\/","url_meta":{"origin":136108,"position":0},"title":"Hope for homebuyers as rates fall on UK fixed mortgage deals","date":"July 20, 2023","format":false,"excerpt":"\r Small drops in average rates for two- and five-year fixed mortgages follow easing of inflation rate in JuneBorrowers received a glimmer of good news after average rates on new two- and five-year fixed mortgages fell for the first time since May.News of the small falls came 24 hours after\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":110443,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hsbc-to-lend-an-extra-35bn-to-homebuyers\/","url_meta":{"origin":136108,"position":1},"title":"HSBC to lend an extra \u00a335bn to homebuyers","date":"September 2, 2019","format":false,"excerpt":"\r Battle between lenders intensifies as bank seeks bigger share of mortgage market\u2022HSBC\u2019s \u00a335bn mortgage push is good for borrowers, but it\u2019s riskyHSBC is to lend an extra \u00a335bn to homeowners, further intensifying the battle among mortgage lenders to offer ultra-competitive deals to customers.The bank, which began its drive to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":135656,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homebuyers-has-your-mortgage-application-been-turned-down-recently\/","url_meta":{"origin":136108,"position":2},"title":"UK homebuyers: has your mortgage application been turned down recently?","date":"March 27, 2023","format":false,"excerpt":"\r We\u2019re keen to hear from prospective house buyers whose application for a UK residential mortgage has been rejected because of affordability checksWe\u2019d like to hear from people who have had their application for a UK residential mortgage refused recently because they did not pass a lender\u2019s affordability checks.If you\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":171714,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-homebuyers-face-worst-mortgage-affordability-since-2008-data-shows\/","url_meta":{"origin":136108,"position":3},"title":"UK homebuyers face worst mortgage affordability since 2008, data shows","date":"May 5, 2026","format":false,"excerpt":"\r \u2018Least affordable\u2019 areas mainly in London commuter belt, UK Finance finds, with Iran war not yet reflected in dataBusiness live \u2013 latest updatesUK homebuyers are facing the worst mortgage affordability pressures for almost two decades, although the \u201cpain\u201d is not being felt equally across the country, according to industry\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123446,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/homebuyers-offered-40-year-fixed-rate-mortgage-by-uk-lender\/","url_meta":{"origin":136108,"position":4},"title":"Homebuyers offered 40-year fixed-rate mortgage by UK lender","date":"November 27, 2021","format":false,"excerpt":"\r Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will endA mortgage offering fixed monthly payments for 40 years was launched this week \u2013 and it could mean that some homebuyers will be able to borrow more money than with a standard deal. The Flexi\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131852,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/uk-mortgage-approvals-for-october-fall-10-after-mini-budget\/","url_meta":{"origin":136108,"position":5},"title":"UK mortgage approvals for October fall 10% after mini-budget","date":"November 29, 2022","format":false,"excerpt":"\r Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020The chaos in the mortgage market that followed Kwasi Kwarteng\u2019s now infamous mini-budget led to a 10% fall in the number of mortgage approvals during October.According to the latest figures from the Bank of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/136108"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=136108"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/136108\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=136108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=136108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=136108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}